Remove Demand Deposit Account (DDA) Remove Innovation Remove Verification
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Payment Platforms Evolving As Faster Payments Take Root

PYMNTS

The API model works to boost traditional companies’ digital presence, she explained, with a focus on authentication to help address concerns about security — especially as firms conduct identity verification and find out if an account used to fund transactions is legitimate.

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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Many new businesses, such as Socure , are looking to solve the problem by actually looking beyond just traditional data for identity verification.

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Leveraging DDA Data in Consumer Lending to Stay Competitive

FICO

Q: Some lenders only ask applicants for access to DDA data permissioned by them when it’s an absolute requirement (e.g., Verification of Income for a mortgage) OR when the applicant is “near approval” and additional information could help the applicant.